What Happened to the gas crisis

MikePA · Sep 17, 2005

I wonder if these are "pledges" or are actual donations that have been tendered? 
Here's the CNN link to the entire list of corporate donations, not just the oil companies -----> Click Here.

 A lot of companies make pledges that they never fulfill. 
I don't recall reading that 'a lot' of companies don't follow through. Sounds interesting. Do you have a source I could read?

Bird · Sep 17, 2005

I saw Boone Pickens on Fox News say that BP had just donated $5 million to the Katrina relief effort. Of course, I have no way of knowing any facts beyond what he said.

daedong · Sep 17, 2005

Make of it what you like but i think its on its way back down

http://news.bbc.co.uk/2/hi/business/4251964.stm

mathey · Sep 17, 2005

expect to find record breaking PROFITS for all the major oil companies after this fiscal year ends, as was the case for at least Exxon/Mobil last year (do a search for "exxon ceo bonus")...oh and don't expect this info to be on the news, its kept pretty quiet

JimR · Sep 17, 2005

I went for a ride on my motorcycle on Labor Day. The streets were dang near void of traffic. There seems to be a lot less cars during the day now also. Like Junk said, Less demand and the pipes gets full and it backs up. I'd like to see it back up so far that the oil giants couldn't find a place to put it. Or better yet, they could stuff it where the sun doesn't shine.

LarryRB · Sep 17, 2005

Gas prices are not high in relation to income, IMO. They are cheaper now in relation to an hourly wage than back in the 50's when gas was around 30 cents a gallon (about 1/4 of an hourly wage). It's about in line with $3 gas for an hourly wage of $12. We've been enjoying cheap gas for -----------------------------
You may fall in this category however around where I live, most are elderly and many more collect some kind of disability... No one is making 12 per hour. 3.59 per gallon for gas just this last week is equivalent to half a day or more, limited income..

ejtaylor822 · Sep 17, 2005

Right on Jim!

Would love to see oil lines are refineries backed up with excess. As one poster said, would be nice if everyone didn't buy gas for a day a or two. Wish we could go a week.

What really bugs me about all of this is that (1) OPEC and other "oil" countries have much more control over us than we realize and (2) our own greedy corporate oil executives allow this to happen. IMHO the oil companies are ruining America by keeping us dependent on foreign oil. We should be looking at other forms of energy (that would compete against the oil companies) and tell OPEC to take a hike.

Jim57 · Sep 17, 2005

( I wonder if these are "pledges" or are actual donations that have been tendered? A lot of companies make pledges that they never fulfill. )

This is known to be true. I hope it's not but we will probably never know the truth.

Jim

Jim57 · Sep 17, 2005

( Jim
Yes, I did hear they addressed it, and decided it was not out of line. Remember at the time Katrina hit, some of the big refineries were in the middle of it.

Gas prices are not high in relation to income, IMO. They are cheaper now in relation to an hourly wage than back in the 50's when gas was around 30 cents a gallon (about 1/4 of an hourly wage). It's about in line with $3 gas for an hourly wage of $12. We've been enjoying cheap gas for so long we are spoilt rotten. (IMO /forums/images/graemlins/wink.gif ) )

The wages may be $12 an hour there but in SC and surrounding areas the average is around $7 to $8 an hour. This make a huge difference. Most that work in Fast Food only get paid around $6 to $6.50. The good paying jobs in our area are being closed and sent over seas. That is why I have a project going to help the needy here in our community. You can see the project here at TBN by clicking on this link.

Maybe there is a better solution for the gas prices.

Just taking this price increase without doing something about it is exactly what we have always done. That is why they feel they can do it and No One will buck it. It's the Corporate American way you see. As long as the people allow it they will do it and enjoy their GREED!

Just my opinion and the history of fuel prices will tell the facts.

Jim

Jim57 · Sep 17, 2005

( Right on Jim!

Would love to see oil lines are refineries backed up with excess. As one poster said, would be nice if everyone didn't buy gas for a day a or two. Wish we could go a week.

What really bugs me about all of this is that (1) OPEC and other "oil" countries have much more control over us than we realize and (2) our own greedy corporate oil executives allow this to happen. IMHO the oil companies are ruining America by keeping us dependent on foreign oil. We should be looking at other forms of energy (that would compete against the oil companies) and tell OPEC to take a hike. )

I second this. We all have to take a stand or they will get by with this. It will take a huge effort and sacrifice for people to BoyCott... but I think it would be worth it in the long run.

Jim